Azincourt Energy Closes Final Tranche of Private Placement
AZINCOURT ENERGY CLOSES FINAL TRANCHE OF
PRIVATE PLACEMENT
Vancouver, BC – May 24, 2019 – AZINCOURT ENERGY CORP. (the “Company” or
“Azincourt”) (TSX-V: AAZ, OTC: AZURF) today announces the closing of the final tranche of its
non-brokered private placement for aggregate gross proceeds of C$1,567,326 (the “Offering”). In
connection with the final tranche closing, the Comp any issued 8,800,000 flow–through units (the
“FT Units) and 2,000,000 non flow-through Units (th e “NFT Units”) at a price of $0.05 per unit.
Each FT Unit consists of one flow-through common sh are and one common share purchase warrant
and each NFT Unit consists of one common share and one common share purchase warrant. Each
warrant will entitle the holder to purchase one add itional common share for a period of 5 years at a
price of C$0.07 per common share (the “Warrants”).
The Company paid commissions to eligible finders un der the final tranche of the Offering totaling
C$43,600 and issued to such finders a total of 812, 000 Finders Warrants on the same terms as the
Warrants.
All securities issued or issuable under the Offerin g are subject to a four-month hold period expiring
on September 25, 2019 in addition to such other res trictions as may apply under applicable
securities laws in jurisdictions outside of Canada.
Azincourt will apply the net proceeds of the Offeri ng to advance the company's East Preston
uranium project and for general working capital purposes.
Closing of this offering is subject to the receipt of all necessary regulatory approvals including tha t
of the TSX Venture Exchange.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource compa ny specializing in the strategic acquisition,
exploration and development of alternative energy/f uel projects, including uranium, lithium, and
other critical clean energy elements. The Company is currently active at its joint venture East
Preston uranium project in the Athabasca Basin, Sas katchewan, Canada, and the Escalera Group
uranium-lithium project located on the Picotani Plateau in southeastern Peru.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Alex Klenman, President & CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts r esponsibility for the adequacy or accuracy of
this release.
This press release includes “forward-looking statem ents”, including forecasts, estimates,
expectations and objectives for future operations t hat are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the con trol of Azincourt. Investors are cautioned that
any such statements are not guarantees of future pe rformance and that actual results or
developments may differ materially from those proje cted in the forward-looking statements. Such
forward-looking information represents management’s best judgment based on information
currently available. No forward-looking statement can be guaranteed and actual future results may
vary materially.
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com